652 Navy Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 1 bath
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652 Navy Street
Santa Monica, California 90405
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
608Sq Ft
2,012Lot Size
Property Price
LIST PRICE$1,350,000
EST. MARKET VALUE
$1,358,455
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well below the $1,350,242 Fair Market Value by 0.02%. With a Condition Rating of 6, the home requires a total gut-rehab, offering significant upside for forced appreciation through modernization. Its prime coastal location near Abbot Kinney provides strong rental demand. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a rare project in a premier Santa Monica neighborhood.
Estimated Market Value
$1,358,455
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 652 Navy Street Subject | $1,350,000* List Price | 2 | 1 | 608 | $2,234 | - |
A 633 Navy Street Active Under Contract | $1,499,000 List Price | 2 | 1 | 689 | $2,176 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1923 and over 100 years old with no evidence of significant renovations, this property fits the criteria for land value only. The interior shows original hardwood floors with heavy wear, dated electrical outlets, and an unfinished accessory structure, suggesting the home requires a total gut-rehab or replacement.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
The property is ideally situated within walking distance to the beach, Abbot Kinney Boulevard, and the Venice Boardwalk, offering the quintessential Santa Monica lifestyle.
- High Investment Potential
As a detached single-family residence in a premium neighborhood, this bungalow presents a rare opportunity for value-add through customization or modernization.
- Desirable Neighborhood Character
Located on a quiet, tree-lined street, the home offers a peaceful residential atmosphere while remaining close to world-class dining, shopping, and entertainment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Extremely Compact Living Space
With only 608 square feet of living area for a two-bedroom layout, the interior footprint is exceptionally small and may feel cramped for modern living standards.
- Small Lot Size
The 2,012 square foot lot provides very limited outdoor space and may restrict future expansion possibilities or significant architectural additions.
About 652 Navy Street
652 Navy St, Santa Monica, CA 90405 Redevelopment Opportunity – Ocean Park / Santa Monica Rare opportunity to acquire a property in one of Santa Monica’s most desirable coastal neighborhoods. Located on Navy Street, this approximately 2,012 sq. ft. lot offers investors, developers, and end users the opportunity to create a future custom residence or explore redevelopment potential, subject to City approvals. Recent nearby redevelopment and luxury new-construction sales demonstrate the strong demand for newly built homes on smaller coastal lots: Recent Redevelopment / New Construction Comparable Sales • 645 Navy St, Santa Monica Sold for $3,119,388 3 Beds | 3 Baths | 1,806 Sq. Ft. Approx. 2,000 Sq. Ft. Lot Brand-new architectural home featuring high-end finishes and modern coastal design. • 647 Navy St, Santa Monica Pending Sale for $2,995,000.00 Approximately 1,806 Sq. Ft. residence on Navy Street, demonstrating the premium buyers have historically placed on this location. These comparable sales highlight the significant upside potential for a buyer who can transform 652 Navy Street into a modern luxury residence. The property benefits from its proximity to the beach, Main Street, Abbot Kinney Boulevard, restaurants, shopping, and the highly desirable Santa Monica lifestyle. Investment Highlights Prime Navy Street location Approx. 2,012 sq. ft. lot Existing structure with redevelopment potential Strong precedent for $3M+ luxury sales nearby Ideal for developers, investors, or owner-users seeking a coastal Santa Monica project Buyer to verify all zoning, development opportunities, permits, and allowable uses with the City of Santa Monica.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 2,012 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.1 |
| Baths | 1.0 | 2.9 |
| Square foot | 608 | 1,967.643 |
| Lot Size | 2,012 | 6,981.625 |
| Price | $1.35M | $3.73M |
| Price per sq ft | $2.2K | $1.7K |
| Built year | 1923 | 1940 |
| HOA | $0 | $0 |
| Days on market | 81 | 58 |
Pricing History
Listed for Sale
Jun 20, 2026
$1,350,000
Initial Listing